Warren Buffet: Second Stimulus Maybe Needed

The environment for investors remains uncertain as fears of a “double dip” recession spread. Even though there are very serious problems with consumer confidence and unemployment, easy year-over-year earnings comparisons in the coming months should help the overall stock market, especially if there are positive economic headlines.
This recession is already longer than the average recession and economists expect U.S. GDP to pick up by August. As spending from the $787 billion spending/stimulus gathers momentum in the upcoming months, the activity should help economic growth. Both the stock and bond markets are recovering from their liquidity meltdowns. Since January, I see some evidence of a return of investor confidence as money has been pouring into bond mutual funds and steadily rising. Indeed, the recent market rally is an even stronger indicator of investor confidence as investors began adding money to equity mutual funds taking advantage of beaten down stock prices. In other words, liquidity has been improving as investor confidence has returned.
Laura Tyson, an Obama Administration advisor and U.C. Berkeley professor, supports another round of stimulus. link